Mumbai, July 21 -- Lighthouse Learning is in the process of acquiring Hyderabad-based Meru International School and Bengaluru-based Millennium World School for a total consideration of about Rs.600 crore, three people familiar with the matter said, adding to its portfolio of educational institutions.

"The Hyderabad chain is being acquired for about Rs.450-500 crore while the Bengaluru-based chain is being bought for about Rs.100 crore," one person said.

Backed by investors such as KKR and PSP Investments, this is part of Lighthouse's efforts to consolidate and scale up its educational platform, the people added.

Meru International, founded by Meghana Gorukanti Jupally, is an educational venture of the Hyderabad-based My Home Group, whi...